The English High Court recently found that Microsoft had infringed on a trademark held by British Sky Broadcasting Group. As part of a settlement announced Wednesday, Microsoft will change the SkyDrive name worldwide and not pursue an appeal, as it had originally planned. The companies also reached a financial agreement but the details were not disclosed.

Microsoft did not say when the name change will happen but it will have “a reasonable period of time to allow for an orderly transition to a new brand.”

"We're glad to have resolution of this naming dispute, and will continue to deliver the great service our hundreds of millions of customers expect, providing the best way to always have your files with you," Microsoft said in a statement.

Finding a name may be tough: The obvious ones, Microdrive and Microcloud, are already taken.